Category Archives:
Kering first-quarter sales lag rivals with 1% rise
PARIS (Reuters) - Sales at French luxury group Kering rose by just 1% in the first quarter, as its star label Gucci benefited less than rivals from a rebound in China and revenues fell in the United S...
Apr 25, 2023
Nokia says draft EU patent rules one-sided, will undermine Europe
By Foo Yun Chee BRUSSELS (Reuters) - EU draft rules aimed at staving off spats over patents essential to key technologies for telecoms equipment and connected cars appear to put the onus and cost on p...
Apr 25, 2023
Gap to cut hundreds of jobs in new round of layoffs – WSJ
(Reuters) -Gap Inc is eliminating hundreds of jobs from its global workforce, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. The apparel retailer joins a growi...
Apr 25, 2023
Tucker Carlson’s exit from Fox News may be ratings bane, advertising boon
By Aditya Soni and Nivedita Balu (Reuters) - Star host Tucker Carlson's abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network ...
Apr 25, 2023
Citigroup defends revamp as shareholders complain about sluggish stock
NEW YORK (Reuters) - Citigroup Inc's chairman John Dugan defended the company's efforts to fix its regulatory problems and bolster its stock in response to shareholder questions at the bank's annual m...
Apr 25, 2023
U.S. hotels set for earnings bump from robust travel even as costs weigh
By Priyamvada C (Reuters) - U.S. hotel operators are expected to post a rise in first-quarter profit even as they pour in money to lure travelers to make bookings directly through their websites, inst...
Apr 25, 2023
UPS confident of reaching agreement with Teamsters by July-end
(Reuters) - United Parcel Service Inc said on Tuesday it was confident of reaching an agreement over a new contract with the International Brotherhood of Teamsters union by the end of July. "We are al...
Apr 25, 2023
British American Tobacco PLC to plead guilty to NKorea sanctions violations -court filing
WASHINGTON (Reuters) - British American Tobacco PLC will plead guilty on Tuesday to charges it conspired to violate U.S. sanctions by selling tobacco products to North Korea and to commit bank fraud, ...
Apr 25, 2023
Mercedes-Benz launches E-Class, its last new combustion engine model
BERLIN (Reuters) - Mercedes-Benz on Tuesday launched its last new combustion engine model - the next generation of the E-Class, which will be built in Germany and China and go on sale in Europe in the...
Apr 25, 2023
NVR beats quarterly profit expectations on higher home prices
(Reuters) - Homebuilder and mortgage banking company NVR Inc beat analysts' expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a...
Apr 25, 2023
Peoria, IL, USA
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